31 July 2024
Mercia Asset Management
PLC
("Mercia" the "Company" or the
"Group")
Director/PDMR Dealings
Mercia Asset Management PLC (AIM:
MERC), the proactive, regionally focused specialist alternative
asset manager with over £1.8billion of assets under management,
announces that it has received notifications of the following
transactions relating to Ordinary shares of £0.00001 each in the
capital of Mercia ("Ordinary
Shares") by Directors and PDMRs of the Company as
follows:
· Mark Payton,
Director and Chief Executive Officer of the Company, became
beneficially interested in a further 145,840 Ordinary Shares. These
shares were bought at 34.20p, 34.90p and 34.96p per
share.
·
Martin Glanfield, Director and Chief Financial
Officer of the Company, became beneficially interested in a further
119,223 Ordinary Shares. These shares were bought at 34.50p per
share.
·
Julian Viggars, Director and Chief Investment
Officer of the Company, became beneficially interested in a further
100,000 Ordinary Shares. These shares were bought at 34.80p and
34.888p per share.
The personal share purchases by
Messrs Payton, Glanfield and Viggars (365,063 shares in total) are
the re-investment of part of their 2023/24 net bonuses, and the
shares will be held for a minimum period of one year.
Following the above transactions,
Messrs Payton, Glanfield and Viggars are beneficially interested in
the following number of Ordinary Shares:
|
Director/PDMR
|
Number of
Ordinary Shares
|
Percentage
of issued and voting Ordinary share capital
|
|
Mark Payton*
|
7,330,716
|
1.70%
|
|
Martin Glanfield**
|
1,864,170
|
0.43%
|
|
Julian Viggars***
|
1,078,640
|
0.25%
|
* Including
12,793 Ordinary Shares held by Katharine Yeo
** Including 125,784
Ordinary Shares held by Bryonie Glanfield
*** Including 84,064 Ordinary Shares
held by Emma Viggars
The notifications below are made in
accordance with the requirements of the Market Abuse
Regulations.
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Mark Payton
|
|
2
|
Reason for the
notification
|
|
a)
|
Position / status
|
Director (PDMR)
|
|
b)
|
Initial notification / amendment
|
Initial
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Mercia Asset Management PLC
|
|
b)
|
LEI
|
213800A1Q4CF57NECG66
|
|
4
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been conducted
|
|
a)
|
Description of the financial instrument, type of
instrument
Identification code
|
Ordinary shares of £0.00001 each
ISIN: GB00BSL71W47
|
|
b)
|
Nature of the transaction
|
Acquisition of 145,840 Ordinary shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
34.2000
|
42,806
|
|
34.9000
|
102,772
|
|
34.9600
|
262
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
145,840
34.6900
|
|
e)
|
Date of the transaction
|
29 July 2024, UK
|
|
f)
|
Place of the transaction
|
AIM (AIMX)
|
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Martin Glanfield
|
|
2
|
Reason for the
notification
|
|
a)
|
Position / status
|
Director (PDMR)
|
|
b)
|
Initial notification / amendment
|
Initial
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Mercia Asset Management PLC
|
|
b)
|
LEI
|
213800A1Q4CF57NECG66
|
|
4
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been conducted
|
|
a)
|
Description of the financial instrument, type of
instrument
Identification code
|
Ordinary shares of £0.00001 each
ISIN: GB00BSL71W47
|
|
b)
|
Nature of the transaction
|
Acquisition of 119,223 Ordinary shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
34.5000
|
119,223
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
|
|
e)
|
Date of the transaction
|
30 July 2024, UK
|
|
f)
|
Place of the transaction
|
AIM (AIMX)
|
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Julian Viggars
|
|
2
|
Reason for the
notification
|
|
a)
|
Position / status
|
Director (PDMR)
|
|
b)
|
Initial notification / amendment
|
Initial
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Mercia Asset Management PLC
|
|
b)
|
LEI
|
213800A1Q4CF57NECG66
|
|
4
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been conducted
|
|
a)
|
Description of the financial instrument, type of
instrument
Identification code
|
Ordinary shares of £0.00001 each
ISIN: GB00BSL71W47
|
|
b)
|
Nature of the transaction
|
Acquisition of 100,000 Ordinary shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
34.8000
34.8880
|
50,000
50,000
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
100,000
34.8440
|
|
e)
|
Date of the transaction
|
29 July 2024, UK
|
|
f)
|
Place of the transaction
|
AIM (AIMX)
|
-Ends-
For further
information, please contact:
|
Mercia Asset Management PLC
Mark Payton, Chief Executive
Officer
Martin Glanfield, Chief Financial
Officer
www.mercia.co.uk
|
+44 (0)330 223 1430
|
|
Canaccord Genuity Limited (NOMAD and Joint
Broker)
|
+44 (0)20 7523 8000
|
|
Simon Bridges, Emma
Gabriel
|
|
|
|
|
|
Singer Capital Markets (Joint Broker)
|
+44 (0)20 7496 3000
|
|
Charles Leigh-Pemberton
|
|
|
|
|
|
FTI
Consulting
|
+44 (0)20 3727 1051
|
|
Tom Blackwell, Jenny Boyd
|
|
|
mercia@fticonsulting.com
|
|
About Mercia Asset
Management PLC
Mercia is a proactive, specialist alternative asset
manager focused on supporting regional SMEs to achieve their growth
aspirations. Mercia provides capital across its four asset classes
of venture, debt, private equity and proprietary capital: the
Group's 'Complete Connected Capital'.
The Group has a strong UK footprint through its
regional offices, university partnerships and extensive personal
networks, providing it with access to high-quality deal flow.
Mercia Asset Management PLC is quoted on AIM with the
EPIC "MERC".
